Investing - Crain's Detroit Businesshttp://www.crainsdetroit.com/taxid/19005754
Latest news and features from crainsdetroit.comen-usSun, 2 Aug 2015 01:45:05 EDT10Investing - Crain's Detroit Business14416http://www.crainsdetroit.com/taxid/19005754
http://www.crainsdetroit.com/assets/cd/cdb_logo_rss.gifStandard & Poor's boosts Detroit's rating on revenue bonds http://www.crainsdetroit.com/article/20150729/NEWS01/150729837/standard-poors-boosts-detroits-rating-on-revenue-bonds
http://www.crainsdetroit.com/article/20150729/NEWS01/150729837/standard-poors-boosts-detroits-rating-on-revenue-bondsWed, 29 Jul 2015 16:53:55 EDTPrivate equity drives job growth in metro Detroit, report findshttp://www.crainsdetroit.com/article/20150721/NEWS/150729975/private-equity-drives-job-growth-in-metro-detroit-report-finds
http://www.crainsdetroit.com/article/20150721/NEWS/150729975/private-equity-drives-job-growth-in-metro-detroit-report-findsTue, 21 Jul 2015 11:30:00 EDT
Tom Henderson
- The growth of companies in metro Detroit that were backed by private equity from 1995 to 2013 far outpaced the growth of other companies, according to a report from GrowthEconomy.org. The growth of those companies here also far outpaced the growth of private-equity-backed companies in the U.S. as a whole. From 1995 to 2013, private-equity investments created more than 21,000 jobs in metro Detroit. That was a growth of 194.7 percent, compared to job growth for all other companies of 5.4 percent. ]]>Macomb Community College-J.P. Morgan Chase fund awards $275,000 to 5 tech businesseshttp://www.crainsdetroit.com/article/20150721/NEWS/150729991/macomb-community-college-j-p-morgan-chase-fund-awards-275000-to-5
http://www.crainsdetroit.com/article/20150721/NEWS/150729991/macomb-community-college-j-p-morgan-chase-fund-awards-275000-to-5Tue, 21 Jul 2015 03:01:00 EDTXanEdu Publishing books $8 million in fundinghttp://www.crainsdetroit.com/article/20150712/NEWS/307129991/xanedu-publishing-books-8-million-in-funding
http://www.crainsdetroit.com/article/20150712/NEWS/307129991/xanedu-publishing-books-8-million-in-fundingSun, 12 Jul 2015 08:00:00 EDT
Tom Henderson
- Ann Arbor-based XanEdu Publishing Inc., which customizes educational content for the K-12, university and corporate markets, will formally announce Monday that it has closed on a funding round of $8.1 million.CEO John DeBoer told Crain's the company will use the funding to increase its marketing and sales teams and hire software developers to add features to the corporate learning and development business it launched in January.The funding comes from new and existing investors, including]]>Plan for TriMas spinoff: Eye small acquisitionshttp://www.crainsdetroit.com/article/20150705/NEWS/307059983/plan-for-trimas-spinoff-eye-small-acquisitions
http://www.crainsdetroit.com/article/20150705/NEWS/307059983/plan-for-trimas-spinoff-eye-small-acquisitionsSun, 5 Jul 2015 08:00:00 EDT
Chad Halcom
and
Tom Henderson
- Even in its first few hours as a public company last week, the new Horizon Global Corp. spinoff from Bloomfield Hills-based TriMas Corp. was already chasing several acquisitions.Mark Zeffiro, president, CEO and co-chairman of the newly spun-off Horizon (NYSE: HZN), said the new company could hold a secondary offering as early as the third quarter for acquisition capital. Zeffiro, who was in New York last week to open the New York Stock Exchange and see Horizon open for trading, said the company ]]>Angle Advisors hires Tom Gordy as managing directorhttp://www.crainsdetroit.com/article/20150623/NEWS/150629931/angle-advisors-hires-tom-gordy-as-managing-director
http://www.crainsdetroit.com/article/20150623/NEWS/150629931/angle-advisors-hires-tom-gordy-as-managing-directorTue, 23 Jun 2015 15:15:41 EDT
Dustin Walsh
- Birmingham-based advisory firm Angle Advisors-Investment Banking LLC hired Tom Gordy as managing director. Gordy, 55, will focus on services for underperforming companies and operations as well as traditional M&A and capital raising services, Angle Advisors said in a news release. He most recently served as senior managing director at Variant Capital Advisors LLC, a subsidiary of Birmingham-based advisory firm Conway Mackenzie Inc. Prior, Gordy served as managing director for Banc One]]>Are You A Human raises funding round of $4.2 millionhttp://www.crainsdetroit.com/article/20150618/NEWS/150619833/are-you-a-human-raises-funding-round-of-4-2-million
http://www.crainsdetroit.com/article/20150618/NEWS/150619833/are-you-a-human-raises-funding-round-of-4-2-millionThu, 18 Jun 2015 09:34:24 EDT
Tom Henderson
- Are You A Human LLC, a company founded in 2011 to distinguish whether Web visitors are actual human beings or bots, announced Thursday that it has closed on a Series A funding round of $4.2 million. The company, which is based in the Madison Building in downtown Detroit, previously raised a seed round of $750,000, led by Detroit Venture Partners and joined by the Detroit-based First Step Fund. DVP joined this round, as did New York-based MDC Dream Ventures, the Boulder, Colo.-based Foundry]]>Huron Capital Partners makes its 100th acquisition http://www.crainsdetroit.com/article/20150528/NEWS/150529832/huron-capital-partners-makes-its-100th-acquisition
http://www.crainsdetroit.com/article/20150528/NEWS/150529832/huron-capital-partners-makes-its-100th-acquisitionThu, 28 May 2015 12:00:00 EDT
Tom Henderson
- Detroit-based Huron Capital Partners LLC announced Thursday that it has made the 100th investment since being founded in 1999, the acquisition of Schoolcraft-based Greater Kalamazoo Auto Auction. Huron acquired the auction firm for one of its growing platform companies, The XLerate Group, which is based in Indianapolis, with auction operations in California, Texas, Florida, South Carolina, Mississippi, Wisconsin and Michigan. Greater Kalamazoo holds fleet, lease, financial institution and]]>Nancy Schlichting joins advisory board of Arboretum Ventureshttp://www.crainsdetroit.com/article/20150528/NEWS/150529811/nancy-schlichting-joins-advisory-board-of-arboretum-ventures
http://www.crainsdetroit.com/article/20150528/NEWS/150529811/nancy-schlichting-joins-advisory-board-of-arboretum-venturesThu, 28 May 2015 15:23:29 EDT
Tom Henderson
- Nancy Schlichting has joined the technical advisory board of Ann Arbor-based Arboretum Ventures LLC, one of the most successful venture capital firms in the state. Schlichting is the CEO of Henry Ford Health System. She also serves on the boards of the Kresge Foundation, the Walgreen Co. and the Detroit branch of the Federal Bank of Chicago. She has announced she will retire from the health system before the end of next year. Arboretum was an early and major investor in three of the most]]>Chicago firm seeks investors in Detroit housinghttp://www.crainsdetroit.com/article/20150528/NEWS/305319994/chicago-firm-seeks-investors-in-detroit-housing
http://www.crainsdetroit.com/article/20150528/NEWS/305319994/chicago-firm-seeks-investors-in-detroit-housingThu, 28 May 2015 05:00:00 EDTKirk Haggartyhttp://www.crainsdetroit.com/article/20150524/AWARDS03/150529947/kirk-haggarty
http://www.crainsdetroit.com/article/20150524/AWARDS03/150529947/kirk-haggartySun, 24 May 2015 08:00:00 EDT
Tom Henderson
- North American Bancard Claims to fame: Leading a deal last year to buy a large rival out of bankruptcy and putting together a debt facility of $225 million that led to cash-flow savings of more than $10 million a year. Age: TKIt paid off last year for North American Bancard to have a CFO, Kirk Haggarty, with 18 years of experience in investment banking and mergers and acquisitions. North American Bancard, a Troy-based credit card processing company with 950 employees and annual revenue of about ]]>Sean Whelanhttp://www.crainsdetroit.com/article/20150524/AWARDS03/150529948/sean-whelan
http://www.crainsdetroit.com/article/20150524/AWARDS03/150529948/sean-whelanSun, 24 May 2015 08:00:00 EDT
Jay Greene
- Diplomat Pharmacy Claim to fame: Led a successful initial public offering last October that raised $200 million and helped CEO Phil Hagerman and the board celebrate by ringing the bell at the New York Stock Exchange. Age: 44Sean Whelan, CFO and a board member of Flint-based Diplomat Pharmacy Inc. (NYSE: DPLO), had a busy 18 months. Whelan, who became the specialty pharmacy's first CFO when hired in 2010, led the process that culminated in a $200 million initial offering last fall at $13 a share ]]>5 early-stage tech companies get $3 million in fundinghttp://www.crainsdetroit.com/article/20150522/NEWS/150529936/5-early-stage-tech-companies-get-3-million-in-funding
http://www.crainsdetroit.com/article/20150522/NEWS/150529936/5-early-stage-tech-companies-get-3-million-in-fundingFri, 22 May 2015 05:15:00 EDT
Tom Henderson
- Detroit-based Invest Michigan has announced investments totaling $325,000 in five early-stage tech companies from its Michigan Pre-Seed Fund 2.0. That investment went along with matching investments from other sources of $2.7 million. Since its launch last June, the $6.8 million fund has invested in 18 early-stage tech companies in the state. The current round of funding went to: Ann Arbor-based Arborlight, which uses LED lights and algorithms to replicate natural daylight indoors. It got $125,]]>How did Garo Yepremian get invoked at VC symposium?http://www.crainsdetroit.com/article/20150521/BLOG007/150529963/how-did-garo-yepremian-get-invoked-at-vc-symposium
http://www.crainsdetroit.com/article/20150521/BLOG007/150529963/how-did-garo-yepremian-get-invoked-at-vc-symposiumThu, 21 May 2015 12:00:00 EDT
Tom Henderson
- “Garo Yepremian” were the two least-likely words I would have expected to hear during a panel discussion this week at the 34th annual Michigan Growth Capital Symposium, which drew 450 investors and service providers from around the country to hear 40 emerging Midwest companies make pitches for capital at the Eagle Marriott Resort in Ypsilanti. Two words likely invoked in error, just five days after he died from a brain tumor at the age of 70. Yepremian’s name was not only]]>Young companies to pitch at Michigan Growth Capital Symposiumhttp://www.crainsdetroit.com/article/20150517/NEWS/305179989/young-companies-to-pitch-at-michigan-growth-capital-symposium
http://www.crainsdetroit.com/article/20150517/NEWS/305179989/young-companies-to-pitch-at-michigan-growth-capital-symposiumSun, 17 May 2015 08:00:00 EDTDetroit Venture Partners, others to hear pitches in Demo Week this fallhttp://www.crainsdetroit.com/article/20150517/NEWS/305179990/detroit-venture-partners-others-to-hear-pitches-in-demo-week-this
http://www.crainsdetroit.com/article/20150517/NEWS/305179990/detroit-venture-partners-others-to-hear-pitches-in-demo-week-thisSun, 17 May 2015 08:00:00 EDTDetroit Venture Partners pushes aside rumors of troublehttp://www.crainsdetroit.com/article/20150503/NEWS/305039971/detroit-venture-partners-pushes-aside-rumors-of-trouble
http://www.crainsdetroit.com/article/20150503/NEWS/305039971/detroit-venture-partners-pushes-aside-rumors-of-troubleSun, 3 May 2015 08:00:00 EDT
Tom Henderson
- Rumors have been swirling in the local venture-capital community that Detroit Venture Partners is in trouble. Five years after being founded by Dan Gilbert, Josh Linkner and Brian Hermelin as a way to invest in early-stage technology companies, DVP is yet to have any big wins. Meanwhile leadership has been in flux, there have been layoffs at several portfolio companies, and some founders abandoning Detroit for the fertile grounds of San Francisco. "Confidence in DVP by the venture community has ]]>Detroit could earn investment grade on first bonds since bankruptcyhttp://www.crainsdetroit.com/article/20150423/NEWS01/150429906/detroit-could-earn-investment-grade-on-first-bonds-since-bankruptcy
http://www.crainsdetroit.com/article/20150423/NEWS01/150429906/detroit-could-earn-investment-grade-on-first-bonds-since-bankruptcyThu, 23 Apr 2015 15:03:25 EDTWayne State spinoff RetroSense named most innovative company at national conventionhttp://www.crainsdetroit.com/article/20150417/NEWS/150419863/wayne-state-spinoff-retrosense-named-most-innovative-company-at
http://www.crainsdetroit.com/article/20150417/NEWS/150419863/wayne-state-spinoff-retrosense-named-most-innovative-company-atFri, 17 Apr 2015 12:15:00 EDT
Tom Henderson
- Ann Arbor-based RetroSense Therapeutics LLC, a spinoff from Wayne State University, was honored Wednesday as the most innovative company at the annual Angel Capital Association convention in San Diego, the largest annual gathering of angel investors in the world. RetroSense was one of three companies that were launched with angel funding to be nominated for the Luis Villalobos Award, named in honor of a longtime angel investor. Receiving the award were company founder and CEO Sean Ainsworth and ]]>Michigan House moves to cap liabilities from investmentshttp://www.crainsdetroit.com/article/20150415/NEWS01/150419899/michigan-house-moves-to-cap-liabilities-from-investments
http://www.crainsdetroit.com/article/20150415/NEWS01/150419899/michigan-house-moves-to-cap-liabilities-from-investmentsWed, 15 Apr 2015 14:46:14 EDTRetroSense one of 3 finalists for top national angel investor awardhttp://www.crainsdetroit.com/article/20150408/NEWS/150409855/retrosense-one-of-3-finalists-for-top-national-angel-investor-award
http://www.crainsdetroit.com/article/20150408/NEWS/150409855/retrosense-one-of-3-finalists-for-top-national-angel-investor-awardWed, 8 Apr 2015 14:00:00 EDT
Tom Henderson
- Ann Arbor-based RetroSense Therapeutics LLC has been named as one of three finalists nationwide for the top award at next week’s annual convention of the Angel Capital Association in San Diego. The Luis Villalobos Award is named in honor of a former angel investor and goes to a startup that has proven its innovation and ingenuity. The winner will be announced next Wednesday. “There are a lot of angel investments made every year, and to be named as one of the top three is pretty]]>Beringea leads $19 million investment in English company D3Ohttp://www.crainsdetroit.com/article/20150407/NEWS/150409883/beringea-leads-19-million-investment-in-english-company-d3o
http://www.crainsdetroit.com/article/20150407/NEWS/150409883/beringea-leads-19-million-investment-in-english-company-d3oTue, 7 Apr 2015 11:45:00 EDT
Tom Henderson
- Farmington Hills-based private equity firm Beringea LLC led a $19 million investment in D3O, a maker of smart materials based in Brighton, England. Beringea, along with its London counterpart, Beringea LLP, invested about $13 million of the $19 million round. The capital will allow D3O to expand its product offerings and fund international growth. "D3O’s technology has a myriad of commercial applications, in a wide variety of markets,” Michael Gross, managing director in]]>Tilton, private equity firm sue SEC after fraud chargeshttp://www.crainsdetroit.com/article/20150401/NEWS/150409986/tilton-private-equity-firm-sue-sec-after-fraud-charges
http://www.crainsdetroit.com/article/20150401/NEWS/150409986/tilton-private-equity-firm-sue-sec-after-fraud-chargesWed, 1 Apr 2015 12:30:00 EDTBloomberg News - Lynn Tilton, CEO of Auburn Hills-based Dura Automotive Systems LLC, sued the U.S. Securities and Exchange Commission on Wednesday, claiming the agency’s enforcement action earlier this week against her violated the U.S. Constitution. Tilton, 55, and her New York-based private equity firm Patriarch Partners LLC said in a statement they filed the lawsuit in U.S. District Court in New York on Wednesday. She is seeking to block the agency from pursuing their case in administrative court,]]>LaSorda's IncWell names new CEO, partnershttp://www.crainsdetroit.com/article/20150401/NEWS/150409991/lasordas-incwell-names-new-ceo-partners
http://www.crainsdetroit.com/article/20150401/NEWS/150409991/lasordas-incwell-names-new-ceo-partnersWed, 1 Apr 2015 10:15:00 EDT
Tom Henderson
- Tom LaSorda has named Simon Boag to replace him as CEO of IncWell LLC, an early-stage venture capital firm in Birmingham. Previously, Boag had been a partner in the firm, which was founded by LaSorda in 2013. “I’m extremely excited to make this announcement today,” said LaSorda, the former CEO of Chrysler Group LLC, in a news release. “We now have in place the leadership team to lead and manage IncWell in the future.” Boag, who will also have the title of managing]]>Lynn Tilton, private equity firm accused of defrauding investorshttp://www.crainsdetroit.com/article/20150331/NEWS01/150339975/lynn-tilton-private-equity-firm-accused-of-defrauding-investors
http://www.crainsdetroit.com/article/20150331/NEWS01/150339975/lynn-tilton-private-equity-firm-accused-of-defrauding-investorsTue, 31 Mar 2015 10:16:47 EDTBloomberg - Private equity head Lynn Tilton, also CEO of Auburn Hills-based auto supplier Dura Automotive Systems LLC, was dealt a blow by U.S. regulators this week. The U.S. Securities and Exchange Commission filed fraud charges Monday against Tilton and her firm, Patriarch Partners LLC, alleging the true value of funds were hidden from investors managed by the private equity firm. Tilton and Patriarch Partners reported the value of the underlying loans as unchanged even though many of the companies have]]>Arborlight raises funding round of $1.7 millionhttp://www.crainsdetroit.com/article/20150331/NEWS/150339973/arborlight-raises-funding-round-of-1-7-million
http://www.crainsdetroit.com/article/20150331/NEWS/150339973/arborlight-raises-funding-round-of-1-7-millionTue, 31 Mar 2015 14:45:00 EDT
Tom Henderson
- Ann Arbor-based Arborlight LLC, a University of Michigan spinoff company, has closed on a $1.7 million funding round to commercialize its LED-based indoor lighting system. The funding round was led by the Michigan Angel Fund and the Michigan Pre-Seed Capital Fund, and joined by a microloan from Ann Arbor Spark. Arborlight's lighting systems allow for what appears to be natural daylight indoors, with the intensity and color automatically changing as the sun moves across the sky. In 2013,]]>Investment support from the statehttp://www.crainsdetroit.com/article/20150329/NEWS/303299988/investment-support-from-the-state
http://www.crainsdetroit.com/article/20150329/NEWS/303299988/investment-support-from-the-stateSun, 29 Mar 2015 08:00:00 EDTState continues VC funding, but debate continueshttp://www.crainsdetroit.com/article/20150329/NEWS/303299987/state-continues-vc-funding-but-debate-continues
http://www.crainsdetroit.com/article/20150329/NEWS/303299987/state-continues-vc-funding-but-debate-continuesSun, 29 Mar 2015 08:00:00 EDTEsperion CEO reflects on company's wild ridehttp://www.crainsdetroit.com/article/20150329/NEWS/303299992/esperion-ceo-reflects-on-companys-wild-ride
http://www.crainsdetroit.com/article/20150329/NEWS/303299992/esperion-ceo-reflects-on-companys-wild-rideSun, 29 Mar 2015 08:00:00 EDT
Tom Henderson
- It's been a fast couple of weeks for Ann Arbor-based Esperion Therapeutics Inc. (Nasdaq: ESPR), a pre-revenue drug company still at least three years away from possible approval by the U.S. Food and Drug Administration. On March 16, its stock began trading at $75.55, following a yearlong rise based on good trial results for its lead drug, ETC-1002, which has shown effectiveness at lowering low density lipoprotein, the so-called bad cholesterol. On March 17, Esperion released results of another]]>Prospects for investment gains over next few years appears positivehttp://www.crainsdetroit.com/article/20150327/BLOG101/150329875/prospects-for-investment-gains-over-next-few-years-appears-positive
http://www.crainsdetroit.com/article/20150327/BLOG101/150329875/prospects-for-investment-gains-over-next-few-years-appears-positiveFri, 27 Mar 2015 06:00:00 EDTBlackEagle's 13 deals top $267Mhttp://www.crainsdetroit.com/article/20150322/AWARDS01/303229997/blackeagles-13-deals-top-267m
http://www.crainsdetroit.com/article/20150322/AWARDS01/303229997/blackeagles-13-deals-top-267mSun, 22 Mar 2015 07:00:00 EDT
Tom Henderson
- BlackEagle Partners LLC spent a large chunk of its $175 million investment fund in 2014, closing on 13 transactions for a total deal value of more than $267 million.Most of the firm's efforts — 12 acquisitions ranging from $600,000 to $87 million and totaling $256 million — were on growing a holding company, US LBM Holdings LLC, a Green Bay, Wis.-based distributor of building and construction materials to homebuilders, remodelers and specialty contractors.The company, which added]]>Sun Communities buys Green Courte Partnershttp://www.crainsdetroit.com/article/20150322/AWARDS01/303229991/sun-communities-buys-green-courte-partners
http://www.crainsdetroit.com/article/20150322/AWARDS01/303229991/sun-communities-buys-green-courte-partnersSun, 22 Mar 2015 07:00:00 EDT
Kirk Pinho
- ADVISERS Sun Communities: Jaffe Raitt Heuer & Weiss PC; Merrill Lynch, Pierce, Fenner & Smith Inc. Green Courte: DLA Piper, Eastdil Secured LLC Out of 80 bidders emerged one. The $1.32 billion purchase of Green Courte Partners LLC by Southfield-based real estate investment trust Sun Communities Inc. not only increased Sun's portfolio value by about one-third to $5.1 billion but also increased the portfolio's share of age-restricted manufactured housing from 13 percent of its roughly 89,]]>Ludlow Ventures forms joint venture to fund product videos for startupshttp://www.crainsdetroit.com/article/20150322/NEWS/303229998/ludlow-ventures-forms-joint-venture-to-fund-product-videos-for
http://www.crainsdetroit.com/article/20150322/NEWS/303229998/ludlow-ventures-forms-joint-venture-to-fund-product-videos-forSun, 22 Mar 2015 08:00:00 EDT
Tom Henderson
- Detroit-based Ludlow Ventures LLC has formed a joint venture with an in-demand Los Angeles-based video producer to create product videos for cash-strapped startups in exchange for equity.The joint venture, Sandwich Fund LLC, launched earlier this month. Ludlow will fund the cost of making the videos, generally about $100,000, according to Jonathon Triest, founder of the seed-stage venture capital firm, which operates a national practice out of the Madison Building.Triest said the investment]]>Esperion plans $150 million stock offering, stock soars on news of cholesterol drug trialhttp://www.crainsdetroit.com/article/20150318/NEWS/150319817/esperion-plans-150-million-stock-offering-stock-soars-on-news-of
http://www.crainsdetroit.com/article/20150318/NEWS/150319817/esperion-plans-150-million-stock-offering-stock-soars-on-news-ofWed, 18 Mar 2015 17:29:17 EDT
Tom Henderson
- Following the release of positive results from human trials of its cholesterol drug this week, which sent its stock price rocketing in two days, Ann Arbor-based Esperion Therapeutics Inc. (Nasdaq: ESPR) has announced it intends a public offering of $150 million. Shares in the company opened Tuesday at $75.55 and closed on the good news at $99.60. They hit a high of $109.85 Wednesday before falling back to a close of $105.72. Impetus was added Wednesday when Bank of America Merrill Lynch]]>Dan Gilbert among investors in Bruin Sports Capitalhttp://www.crainsdetroit.com/article/20150318/NEWS01/150319826/dan-gilbert-among-investors-in-bruin-sports-capital
http://www.crainsdetroit.com/article/20150318/NEWS01/150319826/dan-gilbert-among-investors-in-bruin-sports-capitalWed, 18 Mar 2015 14:42:14 EDTScott Soshnick
Bloomberg News - Detroit businessman and Cleveland Cavaliers owner Dan Gilbert is among the investors in Bruin Sports Capital, the New York-based media, sports and marketing company founded last year by former IMG executive George Pyne. Closely-held Bruin Sports in January said it received $250 million from a group led by WPP, the world’s largest advertising company, in a round of fundraising conducted over six months. No other investors were disclosed by Bruin, which Pyne, the former president of IMG]]>Arbor Investments Group names Pamela Applebaum to succeed father as presidenthttp://www.crainsdetroit.com/article/20150315/NEWS/150319892/arbor-investments-group-names-pamela-applebaum-to-succeed-father-as
http://www.crainsdetroit.com/article/20150315/NEWS/150319892/arbor-investments-group-names-pamela-applebaum-to-succeed-father-asSun, 15 Mar 2015 08:00:00 EDT
Tom Henderson
- Correction appended.Bloomfield Hills-based Arbor Investments Group LLC has appointed Pamela Applebaum as president, replacing her father, Eugene, who in 1974 founded the drugstore chain that gave the investment group its name.Eugene Applebaum will continue at the investment firm as CEO.Pamela Applebaum has worked at Arbor Investments for more than a decade, most recently as vice president. She also serves on the boards of the Beaumont Foundation, is a trustee of Cranbrook Schools and is an]]>Conferences at Cobo set to attract young talenthttp://www.crainsdetroit.com/article/20150308/NEWS/303089977/conferences-at-cobo-set-to-attract-young-talent
http://www.crainsdetroit.com/article/20150308/NEWS/303089977/conferences-at-cobo-set-to-attract-young-talentSun, 8 Mar 2015 08:00:00 EDTTom Henderson - It has become a common sight in the past couple of years to see throngs of young people filling Campus Martius and the office buildings nearby that are part of the emerging tech and entrepreneurial scene in downtown Detroit. Later this month and in April, they will be joined by thousands of other young people converging from around the country for a pair of conferences at Cobo Center. One is focused on finance and the other is about automotive technology. A common thread is putting Detroit in]]>Ann Arbor's Renaissance Venture adds investors, closes second fundhttp://www.crainsdetroit.com/article/20150301/NEWS/303019998/ann-arbors-renaissance-venture-adds-investors-closes-second-fund
http://www.crainsdetroit.com/article/20150301/NEWS/303019998/ann-arbors-renaissance-venture-adds-investors-closes-second-fundSun, 1 Mar 2015 08:00:00 EDTTom Henderson - The Ann Arbor-based Renaissance Venture Capital Fund has received almost $14 million in commitments from three new corporate and institutional investors and has closed its second fund at $79 million.The new investors are Benton Harbor-based Whirlpool Corp., the East Lansing-based MSU Foundation and Livonia-based Roush Industries Inc., according to fund manager and CEO Chris Rizik."We'd closed the fund, but we were asked by a few investors if we'd consider opening the fund to new investment, and ]]>Investors see downtown Ann Arbor as hub for tech startupshttp://www.crainsdetroit.com/article/20150222/NEWS/302229974/investors-see-downtown-ann-arbor-as-hub-for-tech-startups
http://www.crainsdetroit.com/article/20150222/NEWS/302229974/investors-see-downtown-ann-arbor-as-hub-for-tech-startupsSun, 22 Feb 2015 08:00:00 EDTTom Henderson - Using the Madison Building in downtown Detroit as the model, a group of former Barracuda Networks Inc. executives wants to create a large hub for tech startups in downtown Ann Arbor.They have signed a purchase agreement to buy two adjacent office buildings downtown and are negotiating to buy one or two more buildings. They hope to close on the first deal in about a month and have a build-out done in six months. Pending the closing on the real estate sales, they declined to specify the specific]]>Grow Michigan announces 5 new investments worth $11.1Mhttp://www.crainsdetroit.com/article/20150220/NEWS/150229988/grow-michigan-announces-5-new-investments-worth-11-1m
http://www.crainsdetroit.com/article/20150220/NEWS/150229988/grow-michigan-announces-5-new-investments-worth-11-1mFri, 20 Feb 2015 12:23:51 EDTWill Dan Gilbert join in the developer power play at the state fairgrounds site?http://www.crainsdetroit.com/article/20150217/BLOG016/150219855/will-dan-gilbert-join-in-the-developer-power-play-at-the-state
http://www.crainsdetroit.com/article/20150217/BLOG016/150219855/will-dan-gilbert-join-in-the-developer-power-play-at-the-stateTue, 17 Feb 2015 16:30:30 EDTKirk Pinho - Dan Gilbert’s next set of fingerprints on the city of Detroit could appear well outside of the downtown core on a portion of the former Michigan State Fairgrounds site, where Gilbert and other interested developers are weighing options for residential construction. Joel Ferguson, one of the Magic Plus LLC investors behind the redevelopment of the 157-acre property at Eight Mile Road and Woodward Avenue, said representatives of Gilbert’s Rock Ventures LLC approached another]]>Pair launch equity crowdfunding platform for small-biz ownershttp://www.crainsdetroit.com/article/20150215/NEWS/302159972/pair-launch-equity-crowdfunding-platform-for-small-biz-owners
http://www.crainsdetroit.com/article/20150215/NEWS/302159972/pair-launch-equity-crowdfunding-platform-for-small-biz-ownersSun, 15 Feb 2015 08:00:00 EDTAmy Haimerl - The first equity crowdfunding platform designed exclusively for Michigan small-business owners and investors launched on Sunday. Called MichiganFunders.com, the website takes advantage of new crowdfunding laws signed by Gov. Rick Snyder in 2013 that allow entrepreneurs to raise between $50,000 and $2 million from local investors by offering equity shares, selling debt or creating a revenue-sharing model. Anyone, not just investors considered accredited by the Securities and Exchange Commission, ]]>Numbers on Michigan crowdfunding hard to pin downhttp://www.crainsdetroit.com/article/20150215/NEWS/302159970/numbers-on-michigan-crowdfunding-hard-to-pin-down
http://www.crainsdetroit.com/article/20150215/NEWS/302159970/numbers-on-michigan-crowdfunding-hard-to-pin-downSun, 15 Feb 2015 08:00:00 EDTStart Garden boosts funding maximum for startups to $1.5Mhttp://www.crainsdetroit.com/article/20150211/NEWS/150219962/start-garden-boosts-funding-maximum-for-startups-to-1-5m
http://www.crainsdetroit.com/article/20150211/NEWS/150219962/start-garden-boosts-funding-maximum-for-startups-to-1-5mWed, 11 Feb 2015 12:15:00 EDTTom Henderson - Start Garden, a $15 million fund to provide seed funding for startups that was founded in Grand Rapids by Rick DeVos in 2012, has raised the limit for cumulative investments in a single company from $500,000 to $1.5 million. It has also begun accepting applications for companies that want to be tenants in its new incubator space at 40 Pearl St. in downtown Grand Rapids. Start Garden space members do not need to be funded by Start Garden. Applications are available at startgarden.com/the-]]>Bob Paul looks ahead to life after Compuware: VC, running … beerhttp://www.crainsdetroit.com/article/20150208/NEWS/302089978/bob-paul-looks-ahead-to-life-after-compuware-vc-running-beer
http://www.crainsdetroit.com/article/20150208/NEWS/302089978/bob-paul-looks-ahead-to-life-after-compuware-vc-running-beerSun, 8 Feb 2015 08:00:00 EDTBob Paul, 52, the former CEO of Compuware Corp., is finally starting to decompress after a stress-filled two years. First, he had to fend off a hostile takeover from Elliott Management, a New York City hedge fund that officially put the Detroit-based computer services company in its crosshairs in December 2012.That required orchestrating a drastic makeover in Compuware's board of directors, selling off noncore business units and launching a major cost cutting that meant layoffs and buyouts. In]]>San Francisco-based Sight Machine raises $5M to ramp up Michigan operationshttp://www.crainsdetroit.com/article/20150206/NEWS/150209815/san-francisco-based-sight-machine-raises-5m-to-ramp-up-michigan
http://www.crainsdetroit.com/article/20150206/NEWS/150209815/san-francisco-based-sight-machine-raises-5m-to-ramp-up-michiganFri, 6 Feb 2015 13:00:00 EDTTom Henderson - Sight Machine Inc., a San Francisco-based company that uses cloud-based technology to monitor quality control on the factory floor, has closed on a venture-capital round of $5 million to ramp up its operations in Michigan. The round was led by the Houston-based Mercury Fund, which opened an Ann Arbor office in October, and joined by Ann Arbor-based Michigan eLab, Ann Arbor-based Huron River Ventures, Bloomfield Hills-based Orfin Ventures, New York-based IA Ventures, San Francisco-based]]>Failed state investment program reflected beginnings of VC activityhttp://www.crainsdetroit.com/article/20150201/NEWS/302019976/failed-state-investment-program-reflected-beginnings-of-vc-activity
http://www.crainsdetroit.com/article/20150201/NEWS/302019976/failed-state-investment-program-reflected-beginnings-of-vc-activitySun, 1 Feb 2015 08:00:00 EDTTom Henderson - "State pins high-tech hopes on venture-capital program," read a headline in the first issue of Crain's Detroit Business ever published, on Feb. 4, 1985. But even as the story ran, the program was already falling into disfavor and about to be halted. The main criticism today of what was called the Venture Capital Division of Michigan's pension system was that it made direct investments into early-stage technology companies, a risky proposition at best. But the program, if misguided, was a well-]]>Michigan venture capital investment value up nearly 100% from 2013http://www.crainsdetroit.com/article/20150128/NEWS/150129756/michigan-venture-capital-investment-value-up-nearly-100-from-2013
http://www.crainsdetroit.com/article/20150128/NEWS/150129756/michigan-venture-capital-investment-value-up-nearly-100-from-2013Wed, 28 Jan 2015 16:50:05 EDTCrowdfunding young and complex: Here's a 4-step program to decide if it's right for your business http://www.crainsdetroit.com/article/20150111/NEWS/301119992/crowdfunding-young-and-complex-heres-a-4-step-program-to-decide-if
http://www.crainsdetroit.com/article/20150111/NEWS/301119992/crowdfunding-young-and-complex-heres-a-4-step-program-to-decide-ifSun, 11 Jan 2015 08:00:00 EDTGary Anglebrandt - Much has been made of crowdfunding in the wake of the credit crunch created in the recession years. There have been million-dollar campaigns on Kickstarter and actual sale of equity through crowdfunding platforms.Last year, for example, Rachel and Tarek Kanaan used equity crowdfunding to raise $136,000 to expand their Ypsilanti-based business, Unity Vibration Living Kombucha Tea LLC. Read their story here.Second-stage businesses hungry for capital have to wonder whether they should try their]]>Beer and tea business taps new way to find investors amid the crowdhttp://www.crainsdetroit.com/article/20150111/NEWS/301119980/beer-and-tea-business-taps-new-way-to-find-investors-amid-the-crowd
http://www.crainsdetroit.com/article/20150111/NEWS/301119980/beer-and-tea-business-taps-new-way-to-find-investors-amid-the-crowdSun, 11 Jan 2015 08:00:00 EDTGary Anglebrandt - When husband-and-wife team Rachel and Tarek Kanaan opened their specialty beer and tea business, Unity Vibration Living Kombucha Tea LLC, in 2009, they quickly racked up debt, to the point of short-selling their house.But it wasn't because the Ypsilanti-based business wasn't successful. Quite the opposite: Distributors were asking for more product, and the Kanaans were trying to build out their brewing operations and add a tasting room to keep up with demand. But they already had burned through ]]>Michigan eLab invests in biotech startup for cancer researchhttp://www.crainsdetroit.com/article/20150111/NEWS/301119977/michigan-elab-invests-in-biotech-startup-for-cancer-research
http://www.crainsdetroit.com/article/20150111/NEWS/301119977/michigan-elab-invests-in-biotech-startup-for-cancer-researchSun, 11 Jan 2015 08:00:00 EDTVC firms invest $5M in Royal Oak-based marketing analytics startup Reach | Influencehttp://www.crainsdetroit.com/article/20150107/NEWS/150109911/vc-firms-invest-5m-in-royal-oak-based-marketing-analytics-startup
http://www.crainsdetroit.com/article/20150107/NEWS/150109911/vc-firms-invest-5m-in-royal-oak-based-marketing-analytics-startupWed, 7 Jan 2015 15:47:10 EDTLong Point Capital raises $237.9 million fund, its largesthttp://www.crainsdetroit.com/article/20141219/NEWS/141219817/long-point-capital-raises-237-9-million-fund-its-largest
http://www.crainsdetroit.com/article/20141219/NEWS/141219817/long-point-capital-raises-237-9-million-fund-its-largestFri, 19 Dec 2014 13:53:15 EDTHighland company wins Macomb-OU Incubator's first business plan competitionhttp://www.crainsdetroit.com/article/20141212/NEWS/141219937/highland-company-wins-macomb-ou-incubators-first-business-plan
http://www.crainsdetroit.com/article/20141212/NEWS/141219937/highland-company-wins-macomb-ou-incubators-first-business-planFri, 12 Dec 2014 15:56:45 EDTTechstars to launch in Detroit; Magna, Ford, Verizon commit $2M to bring 10 transportation-related startups to cityhttp://www.crainsdetroit.com/article/20141211/NEWS/141219970/techstars-to-launch-in-detroit-magna-ford-verizon-commit-2m-to-bring
http://www.crainsdetroit.com/article/20141211/NEWS/141219970/techstars-to-launch-in-detroit-magna-ford-verizon-commit-2m-to-bringThu, 11 Dec 2014 10:04:15 EDTTom Henderson - Techstars is coming to Detroit. The Boulder, Colo.-based organization, which provides seed money and mentoring for promising startup technology companies, will begin accepting applications today for a Detroit operation it will launch next year. That was the news at a media event this morning at the Ford Product Development Center in Dearborn. Ford Motor Co., Magna International Inc. and Verizon Telematics are sponsoring what is being billed as Techstars Mobility, Driven by Detroit, an]]>Techstars to open shop in Detroit, sources sayhttp://www.crainsdetroit.com/article/20141210/BLOG007/141219993/techstars-to-open-shop-in-detroit-sources-say
http://www.crainsdetroit.com/article/20141210/BLOG007/141219993/techstars-to-open-shop-in-detroit-sources-sayWed, 10 Dec 2014 09:17:38 EDTTom Henderson - Look for it to become official soon that Techstars is coming to Detroit. Word for months, now, in local entrepreneurial circles has been that Techstars has decided to expand here, but there were partnership or sponsorship issues to work out, and folks to recruit to run local operations. According to more recent speculation, both at the annual awards dinner of the Michigan Venture Capital Association on Dec. 1 and at last week’s holiday party in the Guardian Building in downtown]]>The Michigan Deal: About this issuehttp://www.crainsdetroit.com/article/20141207/BLOG008/312079988/the-michigan-deal-about-this-issue
http://www.crainsdetroit.com/article/20141207/BLOG008/312079988/the-michigan-deal-about-this-issueSun, 7 Dec 2014 08:00:00 EDTThere are things that many of us have in common with Vic Strecher. In particular, he saw an entrepreneurial idea that went beyond the scope of his job. I think that's something most of us have in common with him, at least in having a business idea cross our minds. Here's where we (at least most of us) are different. His idea turned into a business with $20 million in annual revenue and was sold for a sum near $200 million. We can all hope to get there someday. Inside the pages of this]]>Change makers in Michigan's tech transfer industryhttp://www.crainsdetroit.com/article/20141207/NEWS/312079991/change-makers-in-michigans-tech-transfer-industry
http://www.crainsdetroit.com/article/20141207/NEWS/312079991/change-makers-in-michigans-tech-transfer-industrySun, 7 Dec 2014 08:00:00 EDTInvestment in Michigan sees fewer deals in 2014, but more dollarshttp://www.crainsdetroit.com/article/20141207/NEWS/312079989/investment-in-michigan-sees-fewer-deals-in-2014-but-more-dollars
http://www.crainsdetroit.com/article/20141207/NEWS/312079989/investment-in-michigan-sees-fewer-deals-in-2014-but-more-dollarsSun, 7 Dec 2014 08:00:00 EDTGary Anglebrandt - Nationally, the year in venture capital is wrapping up as a strong one. For Michigan — yes and no. The most recent MoneyTree compilation of U.S. venture capital investing data, released by PricewaterhouseCoopers LLP and the National Venture Capital Association, shows Michigan deal volume at its lowest point in three years. Dollars invested, however, show one of the best periods in recent history. The numbers, drawn from national surveys of venture capital firms, show Michigan with seven]]>Michigan Venture Capital Association names new directorhttp://www.crainsdetroit.com/article/20141203/NEWS/141209948/michigan-venture-capital-association-names-new-director
http://www.crainsdetroit.com/article/20141203/NEWS/141209948/michigan-venture-capital-association-names-new-directorWed, 3 Dec 2014 13:30:03 EDTDetroit-based private equity firm Rockbridge buys Robb Reporthttp://www.crainsdetroit.com/article/20141203/NEWS/141209952/detroit-based-private-equity-firm-rockbridge-buys-robb-report
http://www.crainsdetroit.com/article/20141203/NEWS/141209952/detroit-based-private-equity-firm-rockbridge-buys-robb-reportWed, 3 Dec 2014 12:43:40 EDTMunicipal Advisory Council of Michigan names Diebel executive directorhttp://www.crainsdetroit.com/article/20141201/NEWS/141129897/municipal-advisory-council-of-michigan-names-diebel-executive
http://www.crainsdetroit.com/article/20141201/NEWS/141129897/municipal-advisory-council-of-michigan-names-diebel-executiveMon, 1 Dec 2014 05:00:00 EDTTom Henderson - Alfred Diebel has been named the new executive director, effective Jan. 1, of the Detroit-based Municipal Advisory Council of Michigan, the information and service organization for businesses involved in the municipal bond industry. Diebel, 60, replaces Jim Bickley, who is retiring. Most recently, Diebel was a member of the executive management team at Detroit Water and Sewerage Department. He has also been an investment banker, commercial loan officer, financial adviser and public funds]]>Invest Michigan backs early-stage tech firmshttp://www.crainsdetroit.com/article/20141123/NEWS/311239986/invest-michigan-backs-early-stage-tech-firms
http://www.crainsdetroit.com/article/20141123/NEWS/311239986/invest-michigan-backs-early-stage-tech-firmsSun, 23 Nov 2014 08:00:00 EDTRochester company signs $2.6M deal as Michigan pitches business, tourism in Chinahttp://www.crainsdetroit.com/article/20141121/NEWS01/141129967/rochester-company-signs-2-6m-deal-as-michigan-pitches-business
http://www.crainsdetroit.com/article/20141121/NEWS01/141129967/rochester-company-signs-2-6m-deal-as-michigan-pitches-businessFri, 21 Nov 2014 12:20:10 EDTAssociated Press - Michigan Gov. Rick Snyder is meeting with government officials and business executives during the opening portion of his trade trip to China. The governor hosted a forum to promote Michigan to the Chinese tourism market and participated in a forum with automotive and business reporters, discussing Michigan's economic performance and what will come after Detroit exits from bankruptcy. Snyder said in a statement today that "we are here to encourage Chinese travelers to visit Michigan and]]>Baird Capital closes fourth VC fund; it exceeded target by $35Mhttp://www.crainsdetroit.com/article/20141118/NEWS/141119798/baird-capital-closes-fourth-vc-fund-it-exceeded-target-by-35m
http://www.crainsdetroit.com/article/20141118/NEWS/141119798/baird-capital-closes-fourth-vc-fund-it-exceeded-target-by-35mTue, 18 Nov 2014 09:00:00 EDTMike Finney, ForeSee, Detroit Labs, ProNAi to be honored by Michigan Venture Capital Associationhttp://www.crainsdetroit.com/article/20141117/NEWS/141119832/mike-finney-foresee-detroit-labs-pronai-to-be-honored-by-michigan
http://www.crainsdetroit.com/article/20141117/NEWS/141119832/mike-finney-foresee-detroit-labs-pronai-to-be-honored-by-michiganMon, 17 Nov 2014 03:01:00 EDTSkillman Foundation outsources investment role to national firmhttp://www.crainsdetroit.com/article/20141113/NEWS/141119863/skillman-foundation-outsources-investment-role-to-national-firm
http://www.crainsdetroit.com/article/20141113/NEWS/141119863/skillman-foundation-outsources-investment-role-to-national-firmThu, 13 Nov 2014 13:44:43 EDTUnique Fabricating files for IPO, looks to raise at least $15Mhttp://www.crainsdetroit.com/article/20141111/NEWS/141119907/unique-fabricating-files-for-ipo-looks-to-raise-at-least-15m
http://www.crainsdetroit.com/article/20141111/NEWS/141119907/unique-fabricating-files-for-ipo-looks-to-raise-at-least-15mTue, 11 Nov 2014 12:26:36 EDTDustin Walsh - After a near brush with insolvency, new owners and a successful acquisition, Unique Fabricating Inc. plans to go public. The Auburn Hills-based supplier of die-cut plastic and foam components filed a registration statement for an initial public offering Monday with the U.S. Securities and Exchange Commission. Unique plans to raise between $14.93 million to $17.25 million in the IPO by selling 1.9 million shares at a price range of $8 per share to $10 per share. The pricing indicates the]]>Texas VC firm opens branch in Ann Arborhttp://www.crainsdetroit.com/article/20141109/NEWS/311099978/texas-vc-firm-opens-branch-in-ann-arbor
http://www.crainsdetroit.com/article/20141109/NEWS/311099978/texas-vc-firm-opens-branch-in-ann-arborSun, 9 Nov 2014 08:00:00 EDTTom Henderson - A Houston-based venture capital firm that has raised more than $100 million for its newest fund is to announce Monday that it has opened an office in Ann Arbor and recruited Adrian Fortino, formerly a vice president at Invest Detroit, to run it.Blair Garrou, a partner and co-founder of Mercury Fund, said that his firm has big plans for the Michigan office. He said that not only will the new fund invest in local early-stage high-tech companies, but it plans to move here other Midwest companies]]>Detroit bankruptcy teaches muni bond investors painful lessonshttp://www.crainsdetroit.com/article/20141107/NEWS01/141109896/detroit-bankruptcy-teaches-muni-bond-investors-painful-lessons
http://www.crainsdetroit.com/article/20141107/NEWS01/141109896/detroit-bankruptcy-teaches-muni-bond-investors-painful-lessonsFri, 7 Nov 2014 05:52:44 EDTLinkner steps down as CEO of Detroit Venture Partnershttp://www.crainsdetroit.com/article/20141104/NEWS/141109956/linkner-steps-down-as-ceo-of-detroit-venture-partners
http://www.crainsdetroit.com/article/20141104/NEWS/141109956/linkner-steps-down-as-ceo-of-detroit-venture-partnersTue, 4 Nov 2014 12:42:00 EDTTom Henderson - Josh Linkner has stepped down as CEO and managing partner of Detroit Venture Partners, the venture capital firm that has filled the Madison Building with its portfolio of tech startup companies. Linkner, who in 1999 founded Pleasant Ridge-based ePrize Inc., said he wants to focus on a career as a speaker and book author. ePrize, a digital marketing and customer loyalty firm, was bought in 2012 by Greenwich, Conn., private equity firm Catterton Partners and later renamed HelloWorld Inc.]]>Cleveland firm acquires Munder Capital, subsidiaryhttp://www.crainsdetroit.com/article/20141104/NEWS/141109958/cleveland-firm-acquires-munder-capital-subsidiary
http://www.crainsdetroit.com/article/20141104/NEWS/141109958/cleveland-firm-acquires-munder-capital-subsidiaryTue, 4 Nov 2014 12:07:38 EDTMichigan, Israel launch business research programhttp://www.crainsdetroit.com/article/20141029/NEWS01/141029836/michigan-israel-launch-business-research-program
http://www.crainsdetroit.com/article/20141029/NEWS01/141029836/michigan-israel-launch-business-research-programWed, 29 Oct 2014 10:58:39 EDTCEO: TriMas deal for Allfast widens aerospace markethttp://www.crainsdetroit.com/article/20141026/NEWS/310269948/ceo-trimas-deal-for-allfast-widens-aerospace-market
http://www.crainsdetroit.com/article/20141026/NEWS/310269948/ceo-trimas-deal-for-allfast-widens-aerospace-marketSun, 26 Oct 2014 08:00:00 EDTChad Halcom - Was it a case of too much money, or too much information? The markets weren't initially receptive to the recent news that Bloomfield Hills-based TriMas Corp. (NYSE: TRS) was buying Allfast Fastening Systems Inc., a maker of rivets, bolts, temporary fasteners and installation tooling for the aerospace industry, for $360 million. Share prices tumbled about $3, or 10 percent, the day the deal was announced in September, then slid to a two-year low of $23.82. The stock closed Friday at $27.02. The]]>Q&A with Jennifer Oertel: How to make a difference with impact investinghttp://www.crainsdetroit.com/article/20141026/NEWS/310269975/qa-with-jennifer-oertel-how-to-make-a-difference-with-impact
http://www.crainsdetroit.com/article/20141026/NEWS/310269975/qa-with-jennifer-oertel-how-to-make-a-difference-with-impactSun, 26 Oct 2014 10:00:00 EDTSherri Welch - Jennifer Oertel, a shareholder in the Southfield office of Jaffe Raitt Heuer & Weiss PC, spoke with Crain's reporter Sherri Welch on impact investing and how it could give people another option for supporting efforts working toward socially beneficial goals. Answers have been edited for length and clarity.For people who aren't familiar with it, what exactly is impact investing? That's one of the difficulties. There's no one standard definition. The Global Impact Investing Network defines it ]]>Renaissance CONNECT: Speed dating pairs early-stage companies with big customershttp://www.crainsdetroit.com/article/20141021/BLOG007/141019884/renaissance-connect-speed-dating-pairs-early-stage-companies-with
http://www.crainsdetroit.com/article/20141021/BLOG007/141019884/renaissance-connect-speed-dating-pairs-early-stage-companies-withTue, 21 Oct 2014 03:01:00 EDTExpat private equity investor sees advantages in Detroithttp://www.crainsdetroit.com/article/20141019/NEWS/310199980/expat-private-equity-investor-sees-advantages-in-detroit
http://www.crainsdetroit.com/article/20141019/NEWS/310199980/expat-private-equity-investor-sees-advantages-in-detroitSun, 19 Oct 2014 08:00:00 EDTScott Sellers - Twenty-four years ago, I flew out of Detroit and headed to Northern California for college. I have been in the Bay Area ever since and have spent the past 17 years in private equity, investing in food and consumer products companies. As part of the Detroit Homecoming conference for expats like me, I had an opportunity to return to Detroit to assess the business climate and to determine whether Detroit is an attractive place for our food-focused private equity fund to invest. With a few]]>Orr: Post-bankruptcy Detroit needs business to promote it to investorshttp://www.crainsdetroit.com/article/20141019/NEWS/310199929/orr-post-bankruptcy-detroit-needs-business-to-promote-it-to-investors
http://www.crainsdetroit.com/article/20141019/NEWS/310199929/orr-post-bankruptcy-detroit-needs-business-to-promote-it-to-investorsSun, 19 Oct 2014 08:00:00 EDTVenture capital investment drops in Michiganhttp://www.crainsdetroit.com/article/20141017/NEWS/141019886/venture-capital-investment-drops-in-michigan
http://www.crainsdetroit.com/article/20141017/NEWS/141019886/venture-capital-investment-drops-in-michiganFri, 17 Oct 2014 03:01:00 EDTMake the business case for Detroit, Orr and Buckfire urge investors at UM conferencehttp://www.crainsdetroit.com/article/20141017/NEWS/141019869/make-the-business-case-for-detroit-orr-and-buckfire-urge-investors
http://www.crainsdetroit.com/article/20141017/NEWS/141019869/make-the-business-case-for-detroit-orr-and-buckfire-urge-investorsFri, 17 Oct 2014 13:39:35 EDTChad Halcom - A post-bankruptcy Detroit could be very well-positioned to convince companies and financial markets it’s a good place to do business — although government accountability and persistent unemployment are issues to watch, two leaders of its reorganization told investors at the University of Michigan today. Detroit Emergency Manager Kevyn Orr on Friday made a request of the more than 100 guests at the ninth annual Michigan Private Equity Conference, hosted by the Stephen M. Ross]]>An epidemic by another name: Auto supplier stock volatilityhttp://www.crainsdetroit.com/article/20141016/BLOG012/141019889/an-epidemic-by-another-name-auto-supplier-stock-volatility
http://www.crainsdetroit.com/article/20141016/BLOG012/141019889/an-epidemic-by-another-name-auto-supplier-stock-volatilityThu, 16 Oct 2014 14:19:54 EDTInvest Detroit's targeted funding tools help boost small-business developmenthttp://www.crainsdetroit.com/article/20141015/BLOG106/141019920/invest-detroits-targeted-funding-tools-help-boost-small-business
http://www.crainsdetroit.com/article/20141015/BLOG106/141019920/invest-detroits-targeted-funding-tools-help-boost-small-businessWed, 15 Oct 2014 10:21:49 EDTJohn Bravata asks to appeal $8.2M civil SEC judgment related to Ponzi schemehttp://www.crainsdetroit.com/article/20141014/NEWS/141019944/john-bravata-asks-to-appeal-8-2m-civil-sec-judgment-related-to-ponzi
http://www.crainsdetroit.com/article/20141014/NEWS/141019944/john-bravata-asks-to-appeal-8-2m-civil-sec-judgment-related-to-ponziTue, 14 Oct 2014 12:49:28 EDTChad Halcom - The former chairman of Southfield-based BBC Equities LLC, now in prison for running a Ponzi scheme out of his investment firm from 2006 to 2009, wants to appeal a related $8.2 million civil judgment in favor of the U.S. Securities and Exchange Commission, without costs. John Bravata, 46, now a prisoner at the Federal Correctional Institution, Loretto in western Pennsylvania, has asked the Sixth Circuit U.S. Court of Appeals in Cincinnati to have indigent status to appeal that civil judgment. U.]]>Fiat Chrysler's debut on NYSE today opens global auto market to more U.S. investorshttp://www.crainsdetroit.com/article/20141013/NEWS01/141019964/fiat-chryslers-debut-on-nyse-today-opens-global-auto-market-to-more
http://www.crainsdetroit.com/article/20141013/NEWS01/141019964/fiat-chryslers-debut-on-nyse-today-opens-global-auto-market-to-moreMon, 13 Oct 2014 11:25:39 EDTBloomberg News - Fiat Chrysler Automobiles NV’s debut today on the New York Stock Exchange gives more U.S. investors the chance to tap into the growing global market for cars and trucks, while also taking a chance on a debt-burdened automaker. Fiat Chrysler stock today moved to the NYSE from the Milan stock exchange and is trading under the FCAU ticker after closing Oct. 10 at the equivalent of $8.76 a share. Shares of Fiat Chrysler jumped as the market opened, but fell later in the morning. The stock]]>Moody's: Water board deal positive for bondholdershttp://www.crainsdetroit.com/article/20141012/NEWS/310129961/moodys-water-board-deal-positive-for-bondholders
http://www.crainsdetroit.com/article/20141012/NEWS/310129961/moodys-water-board-deal-positive-for-bondholdersSun, 12 Oct 2014 08:00:00 EDTCourt ruling could bring Hantz Financial under class-action suithttp://www.crainsdetroit.com/article/20141005/NEWS/310059988/court-ruling-could-bring-hantz-financial-under-class-action-suit
http://www.crainsdetroit.com/article/20141005/NEWS/310059988/court-ruling-could-bring-hantz-financial-under-class-action-suitSun, 5 Oct 2014 08:00:00 EDTInsurers build market share as Detroit shows valuehttp://www.crainsdetroit.com/article/20141003/NEWS01/141009909/insurers-build-market-share-as-detroit-shows-value
http://www.crainsdetroit.com/article/20141003/NEWS01/141009909/insurers-build-market-share-as-detroit-shows-valueFri, 3 Oct 2014 05:47:23 EDTUM student-led VC funds taking applications for biz plan investmentshttp://www.crainsdetroit.com/article/20141002/NEWS/141009944/um-student-led-vc-funds-taking-applications-for-biz-plan-investments
http://www.crainsdetroit.com/article/20141002/NEWS/141009944/um-student-led-vc-funds-taking-applications-for-biz-plan-investmentsThu, 2 Oct 2014 10:19:05 EDTStratos smart-card company raises $5.8M to fund growthhttp://www.crainsdetroit.com/article/20141002/NEWS/141009936/stratos-smart-card-company-raises-5-8m-to-fund-growth
http://www.crainsdetroit.com/article/20141002/NEWS/141009936/stratos-smart-card-company-raises-5-8m-to-fund-growthThu, 2 Oct 2014 14:42:28 EDTExperts to share outlooks with students at Engage investment conference at Cobohttp://www.crainsdetroit.com/article/20141001/NEWS/141009988/experts-to-share-outlooks-with-students-at-engage-investment
http://www.crainsdetroit.com/article/20141001/NEWS/141009988/experts-to-share-outlooks-with-students-at-engage-investmentWed, 1 Oct 2014 10:52:20 EDTNetworking strategy of Ludlow Ventures founder helps propel a new VC fundhttp://www.crainsdetroit.com/article/20140928/NEWS/309289982/networking-strategy-of-ludlow-ventures-founder-helps-propel-a-new-vc
http://www.crainsdetroit.com/article/20140928/NEWS/309289982/networking-strategy-of-ludlow-ventures-founder-helps-propel-a-new-vcSun, 28 Sep 2014 08:00:00 EDTTom Henderson - At 1:30 p.m. Sept. 17, a call came in with the good news Jonathon Triest and his Detroit-based Ludlow Ventures LLC had been hoping for. An investor was on the line to commit $600,000 to Ludlow's new venture capital fund.Triest — who started raising the fund, Ludlow Ventures II LP, last year — had been targeting $15 million, to be invested in early-stage technology and consumer product companies. With this call, he had gone slightly past his goal and, slight as that might be, it]]>Interested in angel investing? These meetings are for youhttp://www.crainsdetroit.com/article/20140925/NEWS/140929910/interested-in-angel-investing-these-meetings-are-for-you
http://www.crainsdetroit.com/article/20140925/NEWS/140929910/interested-in-angel-investing-these-meetings-are-for-youThu, 25 Sep 2014 10:49:04 EDTMasco shares up with optimism over direction of market, companyhttp://www.crainsdetroit.com/article/20140921/NEWS/309219980/masco-shares-up-with-optimism-over-direction-of-market-company
http://www.crainsdetroit.com/article/20140921/NEWS/309219980/masco-shares-up-with-optimism-over-direction-of-market-companySun, 21 Sep 2014 08:00:00 EDTExpats join Detroit's comeback story, as Homecoming sparks inspiration – and city mortgage planhttp://www.crainsdetroit.com/article/20140920/NEWS/309219972/expats-join-detroits-comeback-story-as-homecoming-sparks-inspiration
http://www.crainsdetroit.com/article/20140920/NEWS/309219972/expats-join-detroits-comeback-story-as-homecoming-sparks-inspirationSat, 20 Sep 2014 03:01:00 EDTCrain's Detroit Business - Mayor Mike Duggan took his Detroit story to a national audience last week. At the Detroit Homecoming, Duggan described in words and slides his plans for rebuilding the city post-bankruptcy, one street light, blighted house and sewer main at a time.But, he told an audience of about 150 Detroit "expatriates" as well as local business and civic leaders, he had a problem: Even though homes sold through the city's BuildingDetroit.com auction website are coming in at sales prices of $50,000 or more,]]>Goldman Sachs CEO: Grads of small biz program poised to contribute to Detroit's revivalhttp://www.crainsdetroit.com/article/20140918/NEWS01/140919679/goldman-sachs-ceo-grads-of-small-biz-program-poised-to-contribute-to
http://www.crainsdetroit.com/article/20140918/NEWS01/140919679/goldman-sachs-ceo-grads-of-small-biz-program-poised-to-contribute-toThu, 18 Sep 2014 11:41:08 EDTAssociated Press - Former New York City Mayor Michael Bloomberg and billionaire investor Warren Buffett joined Detroit Mayor Mike Duggan and Gov. Rick Snyder on Thursday at the graduation of 64 local business owners from Goldman Sachs' 10,000 Small Businesses program. The investment banking firm committed $20 million to Detroit and southeast Michigan to help small businesses create jobs and economic growth by providing entrepreneurs with a practical business education, access to capital and business support]]>ViSalus co-founders buy back stake, launch new product linehttp://www.crainsdetroit.com/article/20140914/NEWS/309149972/visalus-co-founders-buy-back-stake-launch-new-product-line
http://www.crainsdetroit.com/article/20140914/NEWS/309149972/visalus-co-founders-buy-back-stake-launch-new-product-lineSun, 14 Sep 2014 08:00:00 EDTDustin Walsh - Thousands of weight-loss supplement enthusiasts, marketers and merchants trekked to the George R. Brown Convention Center in Houston over the weekend for Vitality 2014. The throng gathered for the launch of new nutrition products by Troy-based ViSalus Inc.Part weight-loss product line, part energy drink and supplement maker, and part lifestyle brand, ViSalus is trying to get its financials back in shape. The Vitality conference is the first since the multilevel marketing firm's co-founders re-]]>CEO Paul: Deal will give Compuware a 'freer hand' to make changeshttp://www.crainsdetroit.com/article/20140907/NEWS/309079980/ceo-paul-deal-will-give-compuware-a-freer-hand-to-make-changes
http://www.crainsdetroit.com/article/20140907/NEWS/309079980/ceo-paul-deal-will-give-compuware-a-freer-hand-to-make-changesSun, 7 Sep 2014 08:00:00 EDTTom Henderson - The proposed deal for a San Francisco-based private equity firm to buy Detroit-based Compuware Corp. and take it private will make it easier for President and CEO Bob Paul to continue realigning the company's various business units — and to get the rest of the shares of spinoff Covisint Corp. into stockholders' hands.In an interview last week, Paul told Crain's he will have more freedom to operate the company once it goes private and doesn't have to worry about hitting the earnings]]>MSHDA resignation likely to delay EB-5 centerhttp://www.crainsdetroit.com/article/20140907/BLOG015/309079996/mshda-resignation-likely-to-delay-eb-5-center
http://www.crainsdetroit.com/article/20140907/BLOG015/309079996/mshda-resignation-likely-to-delay-eb-5-centerSun, 7 Sep 2014 08:00:00 EDTInvest Detroit names Patricia Glaza managing director of 2 investment fundshttp://www.crainsdetroit.com/article/20140829/NEWS/140829801/invest-detroit-names-patricia-glaza-managing-director-of-2
http://www.crainsdetroit.com/article/20140829/NEWS/140829801/invest-detroit-names-patricia-glaza-managing-director-of-2Fri, 29 Aug 2014 14:01:21 EDTTom Henderson - Invest Detroit will announce Tuesday that Patricia Glaza has joined the nonprofit as a vice president who will also serve as a managing director of its two investment funds, the First Step Fund and the Detroit Innovate Fund. Previously, Glaza was a principal in the Birmingham office of Arsenal Venture Partners, a Florida-based venture capital firm. She has more than 20 years of experience in developing and commercializing technology companies. Glaza began her career as an IT consultant for]]>Plymouth-based Metaldyne files for IPOhttp://www.crainsdetroit.com/article/20140825/NEWS/140829899/plymouth-based-metaldyne-files-for-ipo
http://www.crainsdetroit.com/article/20140825/NEWS/140829899/plymouth-based-metaldyne-files-for-ipoMon, 25 Aug 2014 13:59:39 EDT